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Amazon in Q4 profit shock

by Abigail Waraker

23 Jan 2002

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The world's biggest internet bookseller has finally started to make a profit.

Amazon reported a net profit of $5.087m for the three months to 31 December, compared to a loss for the same quarter a year ago of $545.14m.

The company made a loss for the full year of $567.3m but this was considerably less than the $1.41bn loss a year earlier. Turnover for the quarter was $1.12bn, up 15 per cent from $972m last time.

Amazon said that more than 29 per cent of its sales were made to international customers.

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